NetClass Technology (NTCL) Debt Ratio (2023 - 2026)
NetClass Technology's (NTCL) quarterly Debt Ratio came in at 0.15 in Q1 2026, up 364.84% on a YoY basis from 0.03 in Q1 2025, and up 4.84% quarter-over-quarter from 0.15 in Q3 2025.
Analysis
NetClass Technology (NTCL) Debt Ratio (2023 - 2026) Analysis & Trends
NetClass Technology (NTCL) has reported Debt Ratio for 4 consecutive years, with 0.15 the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio rose 364.84% year-over-year to 0.15; the trailing twelve-month figure through Mar 2026 stood at 0.15 (up 364.84% YoY), and the FY2025 full-year result was 0.15, up 360.29% from the prior year.
- Debt Ratio grew to 0.15 in Q1 2026 per NTCL's latest filing, from 0.15 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.15 in Q1 2026 and bottomed at 0.03 in Q3 2023.
- Historically, Debt Ratio has averaged 0.08 across 4 years, with a median of 0.03 in 2025.
- The sharpest annual moves came in 2024 and 2026: Debt Ratio grew 15.03% in 2024, then jumped 364.84% in 2026.
- Over 4 years, Debt Ratio stood at 0.03 in 2023, then climbed by 15.03% to 0.03 in 2024, then soared by 360.29% to 0.15 in 2025, then grew by 4.84% to 0.15 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.15, 0.15, and 0.03 for Q1 2026, Q3 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | - |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 0.86 |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | - |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 0.36 |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | 0.05 |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 0.00 |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 0.30 |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 0.15 |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 0.67 |
| 10 | NetClass Technology | 669,307.99 | -912,689.01 | - | 0.15 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 0.15 |
| Sep 30, 2025 | 0.15 |
| Mar 31, 2025 | 0.03 |
| Sep 30, 2024 | 0.03 |
| Sep 30, 2023 | 0.03 |